Dec 29, 2012 11:00am PST
's not just a u.s. story it's kind after north american story. >> paul: right. >> a ton of oil in canada, there's lots of the same geological formations in mexico, and so, you know, there's a lot of energy that can come up and, for example, the ceo of fluor, the largest construction company says there's at least 30 billion dollars of potential projects just around the u.s. gulf of mexico. >> paul: people are talking now and even by 2020 which isn't that far away we could be self-sufficient in terms of providing most of the oil, gas, we get domestically. what are the implications of this for the larger energy? not just for the energy economy, but for things like manufacturing and consumer prices? >> well, certainly, you know, obviously, residential heating, things like that would be more affordable and make us more competitive in manufacturing, but there's another angle that's also very interesting and that has to do with exports. we could actually become the lead are producer of energy for the emerging markets. energy demand in this country is going down, but in the rest of the world it'
Dec 29, 2012 8:00pm PST
. and that's not just a u.s. story. it is a north american story. there was a ton of oil in canada. there is the same geological formations in mexico. there is a lot of energy that can come upe'. the ceo of flor says there is at least $30 billion of potential c projects around the u.s. gulf of mexico. >> u people say by 2020 we could be self-sufficient in terms of providing most of the oil and the gas we get domestically. what are the implications of this for the larger economy? things like manufacturing and consumer prices? >> certainly obviously residential heating and things like that would be more affordable and make us more competitive and manufacturing and that has to do with exports. we could actually become the leading producer energy for the emerging markets. energy demand in this country is going down, but in the rest of thegy world it is going up. this would be any senator muss -- ant' enormous source of jobs and tax revenue. >> and the big threat to this is politics. if somehow regulators get in there and say for whatever reason we are going to stop this shale gas revol
Dec 8, 2012 11:00am PST
weapons and egypt moves closer to civil war. can the u.s. stay on the sidelines much longer? and a military judge moved from the trial of ahsan after demanding the army major shave. did the order show bias? >> ♪ >> welcome to the journal, he editorial report. little progress this week in evidence to avoid january's looming tax hikes and spending cuts commonly known as the fiscal cliff. despite a call between president obama and john boehner, the two sides appear to be no closer to a compromise. are republicans working on the scenes on a plan b? wall street journal columnist, dan henninger and kim strassel. you have bean working the phones, is there something going on between speaker boehner and the president? >> no, i think that they are nowhere and it's because the president is refusing to budge at all on the top toks ratestopx rates and we'll go off the cliff if the republicans don't acreed to that demand. so we're still at a stand still. >> paul: kim, why is the president so insistent on increasing tax rates? boehner has already put on the table a comparable amount of